Prostarm Wins Rs 4.57 Billion Battery Storage Project
POWER & RENEWABLE ENERGY

Prostarm Wins Rs 4.57 Billion Battery Storage Project

Prostarm Info Systems has emerged as the lowest bidder (L1) for a major renewable energy initiative floated by the Karnataka Power Transmission Corporation (KPTCL).
The project entails the establishment of a 150 MW/300 MWh standalone Battery Energy Storage System (BESS) at the 400 kV Doni Substation, operating at a 220 kV level in Gadag district, Karnataka. The award was made under a tariff-based competitive bidding (TBCB) process on a build-own-operate (BOO) model.
The project’s financial structure includes viability gap funding (VGF – state component), fixed at a rental rate of Rs 254,000 per MW per month, translating into an annual rental of Rs 4.57 billion for the installation.
Planned for a 12-year operational period, the project will provide long-term storage infrastructure, enhance grid stability, and support renewable energy integration.
Industry experts note that the award underscores the increasing role of energy storage systems in delivering round-the-clock reliable power and advancing Karnataka’s clean energy transition.

Prostarm Info Systems has emerged as the lowest bidder (L1) for a major renewable energy initiative floated by the Karnataka Power Transmission Corporation (KPTCL).The project entails the establishment of a 150 MW/300 MWh standalone Battery Energy Storage System (BESS) at the 400 kV Doni Substation, operating at a 220 kV level in Gadag district, Karnataka. The award was made under a tariff-based competitive bidding (TBCB) process on a build-own-operate (BOO) model.The project’s financial structure includes viability gap funding (VGF – state component), fixed at a rental rate of Rs 254,000 per MW per month, translating into an annual rental of Rs 4.57 billion for the installation.Planned for a 12-year operational period, the project will provide long-term storage infrastructure, enhance grid stability, and support renewable energy integration.Industry experts note that the award underscores the increasing role of energy storage systems in delivering round-the-clock reliable power and advancing Karnataka’s clean energy transition.

Next Story
Infrastructure Transport

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Next Story
Infrastructure Urban

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

Next Story
Infrastructure Urban

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App